Offshore Incorporation

In what seems like an uphill battle against the budget, Governor Schwarzenegger proposes a 10% across the board cut in spending. This will mean a sharp decrease in payments to schools, the closing of several state parks, early release of low risk inmates, etc. 

Faced with stiff opposition, the governor urges the state to be responsible and spend only the money that they currently have. Such a brave pronouncement. Let’s hope that the state emerges unscathed from this crisis.

General, Taxation
california, Low Tax, tax